REACHTEN
Key figures
- IPO price
- RM 0.52
- Day 1 open
- RM 0.52
- Day 1 close
- RM 0.54
- Current price
- RM 0.49
- Day 1 open %
- +0.0%
- Day 1 close %
- +3.9%
- Since listing
- -5.8%
- Oversubscription
- 1.85x
- Market cap
- RM 520.0 M
- Offer size
- 300 M
- Enlarged shares
- 1000 M
- Float
- 30%
Four recorded prices. Spacing between points is not a time scale; the dashed line is the IPO price.
Offer structure
| Tranche | Shares | % of offer |
|---|---|---|
| Malaysian public (balloting) | 50 M | 16.7% |
| Bumiputera / MITI | 125 M | 41.7% |
| Private placement | 100 M | 33.3% |
| New shares issued | 200 M | 66.7% |
| Offer for sale | 100 M | 33.3% |
Business profile (from the prospectus)
Prospectus excerpt shown in the document's original language.
Our Group operates in the telecommunications sector and we provide telecommunication networks, services and infrastructure to customers. Through our subsidiaries, we are principally involved in the following: (a) provision of satellite-based communication networks and services; (b) provision of fibre optic communication networks and services; and (c) provision of telecommunications infrastructure services and managed services.
Source: company prospectus, PDF page 132.
Use of proceeds (from the prospectus)
| Item | RM'000 | % |
|---|---|---|
| Expansion and establishment of fibre optic communication networks infrastructure | 60,000 | 57.7% |
| Construction of telecommunications towers | 25,000 | 24.0% |
| Enhancing our satellite -based communication networks and services capability | 4,300 | 4.1% |
| Repayment of bank borrowings | 1,700 | 1.6% |
| Working capital | 5,000 | 4.8% |
| Listing expenses | 8,000 | 7.7% |
Source: company prospectus, PDF page 58.
Financials (from the prospectus)
| FY | Revenue (RM'000) | PATAMI (RM'000) | Margin | EPS (sen) |
|---|---|---|---|---|
| FPE2024 | 153,112 | 65,369 | 42.69% | 8.17 |
| FY2021 | 86,011 | 8,844 | 10.28% | 1.11 |
| FY2022 | 174,689 | 43,755 | 25.05% | 5.47 |
| FY2023 | 182,255 | 51,327 | 28.16% | 6.42 |
Latest-FY revenue growth: +4.33%. PE at the IPO price: 8.10. Source: company prospectus (verified excerpts), PDF page 46.
Board context: MAIN
Across 57 MAIN IPOs in the database: median day-1 close +3.9% (P25 -2.2%, P75 +27.6%), median since-listing +0.0%. 61.4% closed day 1 above their IPO price.
This IPO's day-1 close of +3.9% sits at P51 of its board · This IPO's since-listing of -5.8% sits at P47 of its board
Board peers: MAIN
| Symbol | Listed | IPO price | Day 1 close | Since listing | Market cap |
|---|---|---|---|---|---|
| GENERGY | 11 Dec 2025 | RM 1.00 | -12.0% | -16.0% | RM 500.0 M |
| ATECH | 16 Dec 2021 | RM 1.36 | +25.0% | +70.0% | RM 487.1 M |
| AME | 14 Oct 2019 | RM 1.30 | +19.2% | +79.2% | RM 555.2 M |
| MEGAFB [NS] | 11 Nov 2024 | RM 0.67 | -2.2% | +18.7% | RM 566.1 M |
| PGLOBAL | 03 Mar 2025 | RM 0.68 | -15.4% | -34.6% | RM 578.0 M |
| AMEREIT | 20 Sep 2022 | RM 1.13 | +2.6% | +44.2% | RM 587.6 M |
| INNATURE [NS] | 20 Feb 2020 | RM 0.64 | +2.3% | -71.8% | RM 451.8 M |
| HI | 28 Mar 2025 | RM 1.22 | +9.0% | +101.6% | RM 610.0 M |
Audit
No audit published for this IPO.